With reference to Mercantilism answer the following questions:What is – InterviewSolution

InterviewSolution

1.	With reference to Mercantilism answer the following questions:What is meant by the term Mercantilism ?
Answer» Mercantilism refers to a collection of economic maxims of strict practical utility aimed at maintaining a favorable balance of trade by discouraging imports and encouraging exports. These were meant to ensure the prosperity and security of the state.

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